Bloom Energy Corp. (BE) PT Raised to $160 at TD Cowen

TD Cowen analyst Jeffrey Osborne raised the price target on Bloom Energy Corp. (NYSE: BE) to $160.00 (from $105.00) while maintaining a Hold rating.

The analyst commented, "Bloom is seeing power demand accelerate from data center and C&I customers, driving 140% backlog growth and '26 revenue guidance 25% above consensus. The company did not announce specific additional capacity plans which may disappoint some investors. Execution has been phenomenal, though we struggle with valuation. We raise our price target to $160 based on ~18x EV/EBITDA on our '28 estimate."

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